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Tuesday, February 11, 2020

Western Union (WU) reported earnings on Tue 11 Feb 20 (a/h)

** charts after earnings **


Western Union misses by $0.05, misses on revs; guides FY20 EPS above consensus, revs a bit light; reaffirms its three-year financial targets; raises quarterly cash dividend by 12.5%

  • Reports Q4 (Dec) earnings of $0.38 per share, excluding non-recurring items, $0.05 worse than the S&P Capital IQ Consensus of $0.43; revenues fell 6.7% year/year to $1.31 bln vs the $1.33 bln S&P Capital IQ Consensus.
  • Co issues upside guidance for FY20, sees EPS of $1.95-2.05, excluding non-recurring items, vs. $1.95 S&P Capital IQ Consensus. Co expects GAAP revenue to be flat to low single-digit decline vs consensus of roughly flat. The decline is primarily due to the divestiture of its domestic bill payments business. Adjusted operating margin is expected at approximately 21%.
  • Co reaffirms its three-year financial targets including operating margin of approximately 23% in 2022 and a low double-digit EPS CAGR for the three years ending 2022. 
  • Co also raises quarterly cash dividend to $0.225/share from $0.20/share.
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